Global Industry Analysts, Inc. Announces the Launch of a Major Research Program Analysing the Trends Impacting the Global Market for Healthcare IT

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GIA invites senior industry executives, domain experts, technologists and market strategists to participate in a comprehensive global research initiative studying the Healthcare IT markets. The research program was launched this week.

Healthcare IT: A Global Multi-Client Research Initiative

San Jose, California (PRWEB)September 11, 2013

Follow us on LinkedIn – In the coming months, GIA will complete an extensive secondary and primary research program involving some of the industry’s leading players and experts. The study will examine key drivers and trends impacting the market such as growing emphasis on healthcare cost containment against a backdrop of widening government deficits; focus on developing healthcare infrastructure and quality of services; growing role played by private healthcare in the healthcare ecosystem; growing acceptance of M-health and E-health; and increasing competition in the healthcare industry.

Defined as the use of information technology in the healthcare industry, healthcare IT is forecast to continue to witness strong growth in the coming years led by the numerous benefits offered by IT deployment in healthcare delivery. Key benefits offered by healthcare IT triggering its adoption include improvements in healthcare quality since easy access to assimilated patient information results in better treatment and therapies, reduction in healthcare costs, and improved profitability of healthcare institutions, among others. The most important long-term benefit offered by healthcare IT is the platform it provides for the future practice and proliferation of personalized medicine. Financial benefits offered by healthcare IT include operational cost savings stemming from streamlined workflow processes and improved profits. Electronic health records (EHRs) and personal health records (PHRs) for instance aid in reducing hospital paperwork, and enables timely availability of critical patient data to help doctors coordinate to provide optimum patient care.

Big data in healthcare is a growing phenomenon set into motion by stringent regulations that mandate collection and storing of huge amount of patient data and the move towards evidence-based medicine to eliminate unsatisfactory healthcare performance both in terms of costs and quality. Big data technologies are increasingly being deployed in the healthcare industry to harness the value of data resources to improve patient outcomes, to build sustainable healthcare systems, and to effectively collaborate to deliver the best patient care. In this regard, cloud based approaches to healthcare are gaining in prominence. Traditional healthcare information systems like radiology information systems (RIS), picture archiving and communication systems (PACS), clinical information systems (comprising Electronic Medical Record (EMR), Computerized Physician Order Entry (CPOE) and Laboratory Information Systems (LIS)), and non-clinical Information Systems (comprising Patient Administration System (PAS), Finance and HR), are forecast to witness healthy demand. Also poised to witness strong growth is healthcare cloud computing. Cloud computing allows mobilization of patient data among physicians, hospitals, and laboratories, to provide improved services to patients through enhanced operational efficiency.

Point of care information systems, surgical care information systems, specialty care information systems, and intensive care information systems are the major growth driving segments in the healthcare IT market. The study estimates the global Healthcare IT market to be a multi-million dollar market, while more precise market-size and growth projections for a 14-year period will be made available during the second stage of report preparation, and data analysis.

The research and analyses will be released shortly in the form of a comprehensive research report. The report by design, will attempt to provide exhaustive analysis, data, trends, market share, market size, statistics, forecasts and competitive intelligence. The report is modeled to offer precise and unbiased, actionable market insights including in-depth segmentation of market sub-sectors, demand estimates and projections and analysis of trends in each of the sectors, identification of leading players, and the competitive structure, among others.

Developed for Software and Hardware Vendors, Strategic Planners, Business Development Executives, Management Consultants, Consulting Firms, C-Level Decision Makers, Market Strategists and Technology Domain Experts, the report helps identify the biggest opportunities in this space and offers accurate latent demand forecasting that empowers quantitative decision making among existing market players and new entrants.

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.